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Higher Education and Research Act 2017

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This is the original version (as it was originally enacted).

41Financial support: terms and conditions

This section has no associated Explanatory Notes

(1)A grant, loan or other payment under section 39 or 40 may be made on such terms and conditions as the OfS considers appropriate.

(2)The terms and conditions may, in particular—

(a)enable the OfS to require the repayment, in whole or in part, of sums paid by the OfS if any of the terms and conditions subject to which the sums were paid is not complied with,

(b)require the payment of interest in respect of any period during which a sum due to the OfS in accordance with any of the terms and conditions remains unpaid, and

(c)require a person to whom sums are paid by the OfS to provide the OfS with any information it requests for the purpose of the exercise of any of its functions.

(3)But the terms and conditions must not relate to the application of sums which are not derived from the OfS by the provider or any other person to whom the grant, loan or other payment is made.

(4)Before determining the terms and conditions to be imposed on a grant, loan or other payment, the OfS must consult such persons as it considers appropriate.

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